Abraxis Lithium (100%) 294km2

Location and Tenure

The Abraxis Lithium Project covers an area of ~294km2, approximately 170km south of Port Hedland and is accessible via the Great Northern Highway, which transects the two western tenements that make up the project area. The majority of the Abraxis Lithium Project area is comprised of gently rolling hills covered in spinifex grass.

Figure 1: Location of the Abraxis Lithium Project in relation to regional lithium mines/deposits

Geology

The Abraxis Lithium Project is located within the East Pilbara Granite-Greenstone Terrane of the Pilbara Craton which is characterised by large granitic complexes flanked by greenstone belts comprised of steeply dipping sequences of volcano-sedimentary rocks. The Abraxis Lithium Project sits on the Elizabeth Hill Supersuite (Igneous Granitic) intrusion of 3068Ma age. To the west of the Abraxis Lithium Project, the granite is overlain by the Kylena Fomation, a massive, amygdaloidal, and vesicular basalt and basaltic andesite, with local komatiitic basalt, dacite, and rhyolite. To the east, the project area covers the Tambourah Monzogranite, a 2851Ma (Igneous Granitic) intrusion, that is successfully being targeted for lithium by contiguous tenement holders.

Figure 2: Abraxis Lithium Project over detailed geology

Lithium potential

The White Springs 1:100,000 Geological map indicates a substantial proportion of E45/6111 and /E6112 are underlain by the unit AgYlpe and additionally AgYlnpe on E45/6112. The legend defines these units as:

AgYlpe – Medium to coarse-grained leucogranite with abundant sheets, veins, and bodies of pegmatite.
AgYlnpe – Medium to coarse-grained leucogranite with locally abundant granitoid gneiss xenoliths and locally abundant sheets, veins, and bodies of pegmatite.

These units have not been explored for their lithium or pegmatophile element potential.

Historical exploration at Abraxis

Wamex recorded exploration amounts to 46 stream and rock chip samples collected by Fortescue Metals Group in 2010-14. Asbestos mining was reported at the White Range prospect within E45/6112, being from ultramafic xenoliths within pegmatitic granitoid; GSWA collected 3 rock chip samples within this tenement and on E45/6111; 6 were collected from E45/6133 for the purposes of lithochemical fingerprinting.

Proposed work program

The Company will commence remote satellite interpretation of pegmatites within the tenement and surrounding areas with a ground truthing and sampling exercise to commence upon the completion of the interpretation.